EMS
Grade 8 revision
Assets
Possessions
Liabilities
Accounting Debt
The recording of financial transactions, classifying the accounts,
and reporting on the results which are then analyzed as a basis
for decision making.
1 2 3
Owner’s Equity
Owner’s investment.
NON-CURRENT CURRENT ASSETS LIABILITIES
ASSETS Debtor’s control • Capital
Creditor’s Control
Trading stock
Buildings Loan • Drawings
Bank
Vehicles (eg; Mortgage Loan)
Cash Float
Equipment
Petty Cash
Grade 8 revision
Assets
Possessions
Liabilities
Accounting Debt
The recording of financial transactions, classifying the accounts,
and reporting on the results which are then analyzed as a basis
for decision making.
1 2 3
Owner’s Equity
Owner’s investment.
NON-CURRENT CURRENT ASSETS LIABILITIES
ASSETS Debtor’s control • Capital
Creditor’s Control
Trading stock
Buildings Loan • Drawings
Bank
Vehicles (eg; Mortgage Loan)
Cash Float
Equipment
Petty Cash
